Scotiabank reported third quarter net income of $1,959 million compared to $1,847 million in the same period last year. Diluted earnings per share were $1.54, compared to $1.45 in the same period a year ago. (scotiabank.com)
In addition to reporting a 6.06% increase in net income Y/Y, BNS announced a quarterly dividend raise from $0.72 to $0.74, a 2.78% increase.
Dividend Income increased 0.18%
Considering the Dividend Beginner portfolio contains 50 shares of BNS, my annual income from BNS has increased by $4.00. My 12-month forward dividend income has increased from $2,205.34 to $2,209.34, an increase of 0.18%. My income from BNS accounts for 6.70% of my annual dividend income. I’m very comfortable with my exposure to BNS and would not be opposed to adding to my position, despite it being my largest bank investment.
While a $4.00 increase in annual dividend income seems quite low, think about how it would require an investment of $100.00, yielding 4.00% to generate $4.00 in dividend income. That’s the equivalent of getting one to ten hours of your life back, depending on your wage.
|Annual Dividend Income||$2,205.34||$4.00||$2,209.34|
|Monthly Dividend Income||$183.78||$0.33||$184.11|